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प्रश्न
Distinguish between Normal goods and Inferior goods.
उत्तर १
Normal goods are those in case of which there is a positive relationship between income and quantity demanded.
Inferior goods are those in case of which there is a negative (or inverse) relationship between income and quantity demanded.
उत्तर २
| Normal goods | Inferior goods | ||
| (i) | Normal goods are those whose quantity demanded increases with an increase in income. | (i) | Inferior goods are those whose quantity demanded decreases with an increase in income. |
| (ii) | e.g. telephones, clothes, household furniture are normal goods. | (ii) | e.g. Bidi is inferior to cigarette, Kerosene's stove is inferior to gas stove, etc. |
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संबंधित प्रश्न
The demand for ______ goods will increase with the increase in the consumers income.
Give two examples of normal goods.
State whether the following statement are true or false. Give reasons.
An increase in income leads to a rise in the demand for normal goods.
State whether the following statement are true or false. Give reasons.
An increase in income leads to a rise in the demand for inferior goods.
State whether the following statement is true or false. Give reasons.
The commodity for which quantity demanded decreases with an increase in income is called inferior commodity.
